AJMAN/WAM H.H. Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman and Chairman of Ajman Executive Council, received Odonbaatar Shijeekhuu, Ambassador of Mongolia to the UAE, at the Emiri Court. H.H. Sheikh Ammar welcomed the Ambassador and reviewed the strong ties between the two friendly countries and their peoples across various fields. The meeting also explored ways to enhance ...
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UAE leaders offer condolences to Russian President over plane crash victims
ABU DHABI/WAM UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of condolences to President Vladimir Putin of the Russian Federation over the victims of the plane crash in Tynda, a town in the Amur region. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness ...
Read More »17,600 Afghans hosted by UAE prior to departure to final destinations
ABU DHABI/WAM As part of its humanitarian commitment and swift response during crises, the UAE hosted 17,619 Afghans who were evacuated from Afghanistan since August 2021, prior to their resettlement in third countries. This step was carried out in cooperation with international partners to support the Afghan people amid the exceptional circumstances the country faced. The Emirates Humanitarian City in ...
Read More »CBUAE, Mercury launch strategic joint venture to strengthen UAE’s national financial market infrastructure
ABU DHABI/WAM The Central Bank of the United Arab Emirates (CBUAE) and Mercury have announced the formation of a strategic joint venture, Unitey Business Services, aiming at supporting the Financial Infrastructure Transformation programme (FIT) launched by the CBUAE. This joint venture will enhance the operations of the UAE’s national financial market infrastructure and meet the highest standards and practices in ...
Read More »SCA refers licensed company to Public Prosecution, imposes fine of AED5 million for misleading clients
ABU DHABI/WAM The Securities and Commodities Authority (SCA) has imposed a record fine of AED5 million on a licensed company and referred the matter to the Public Prosecution, in a decisive move to safeguard market integrity and enforce regulatory compliance. The action follows confirmed violations of anti-money laundering (AML) laws, counter-terrorism financing regulations, and measures related to the funding of ...
Read More »Ministry of Education unveils new school calendar for Academic Year 2025-2026
DUBAI/WAM With the approval of the Education, Human Development and Community Development Council, the Ministry of Education (MoE) has announced a new school calendar for public and private schools across the UAE, effective for academic year 2025-2026. The new school calendar sets unified dates for the start of the Academic Year, end of the three terms and end of term ...
Read More »UAE expresses solidarity with Vietnam, offers condolences over victims of capsized boat
ABU DHABI/WAM The United Arab Emirates expressed its solidarity with the Socialist Republic of Vietnam over the deaths and injuries of dozens of passengers after a boat capsized in Ha Long Bay due to adverse weather conditions. In a statement, the Ministry of Foreign Affairs (MoFA) expressed its sincere condolences and sympathy to the families of the victims, and to ...
Read More »DP World mobilises $1 billion to boost trade flow
DUBAI/WAM DP World Trade Finance has mobilised over US$1 billion in working capital for businesses across emerging markets, helping close the global trade finance gap and keep goods moving through some of the world’s most challenging economic environments. This milestone was achieved through a combination of DP World’s own lending operations and partnerships with more than 32 financial institutions globally, ...
Read More »FAB net profit surpasses AED10 billion for first time
ABU DHABI/WAM First Abu Dhabi Bank (FAB) has delivered a record financial performance in the first half of 2025, reporting a net profit of AED10.63 billion, up 26 percent year-on-year, surpassing the AED10 billion mark for the first time in a half-year period. Earnings per share grew 27 percent yoy to AED0.93 in H1’25 and Return on Tangible Equity (RoTE) ...
Read More »UAE telecom services trade up 4.3% to AED10.2 billion in 2024
ABU DHABI/WAM The UAE’s trade in telecommunication services increased by 4.3 percent in 2024, reaching AED10.2 billion, compared to AED9.8 billion in 2023, according to data released by the Federal Competitiveness and Statistics Centre (FCSC). This growth was largely driven by a strong performance in the fourth quarter of 2024, which recorded a year-on-year increase of 12.95 percent, bringing the ...
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